Bitcoin is lower

Bitcoin prices extended their recent losses in the past few days, as it decreased to the lowest point in the year, as global investors responded to the latest concerns established by the continuous developments surrounding global tariffs.

The world’s most prominent digital currency has decreased to nearly $ 74,400 this morning, according to Coinbase numbers from Tradingview.

At this stage, the cryptocurrency has been trading in its most depression since November and took more than 30 % of its value since it reached the highest level ever for more than $ 108,000 in January, and Coinbase’s additional data is revealed.

When explaining these recent declines, analysts repeatedly referred to the concerns surrounding global tariffs, a matter of great news coverage over the past few weeks.

When asked if these developments affect BitBull Capital, He answered the positive, saying by email, “Yes, it seems that the last decline in Bitcoin is largely driven by the most broad -minded feelings raised by renewable window fears,” he said.

He added: “As shown in the previous market courses, Bitcoin tends to behave more like the origin of risk than safe haven, and movements in technology shares and other investments directed towards growth are often reflected.”

“The fear of escalating trade tensions-especially among major economies such as the United States and China-has led investors to move away from flying assets such as encryption and more stable options. This total uncertainty, along with profit after the severe incitement in Bitcoin earlier this year, has most likely contributed to the sharp sale process.”

Alex Lane, founder and general partner at the Investment Capital Company ReforgeI was offered similar in this matter, and the response via e -mail is that “yes, the increasing economic uncertainty associated with American tariff policies is the clear and most prominent factor in a decrease in Bitcoin. The entire market through the types of multiple assets interacts accordingly.”

However, the tiktok influencer who passes Wendy O made a more complex explanation, pointing to many factors that may have contributed to the latest decrease in bitcoin.

The external flows of the money traded on the Stock Exchange (ETFS) has highlighted, as I stated via e -mail that “Bitcoin’s ETF buyer has made profits and we can see this through external flow data. Bloomberg suggests that we have seen $ 5.5 billion abroad since 1/1/2025.”

Wendy O also noticed how the investor’s interest in gold might affect Bitcoin, noting that many market participants were mocking the precious metal as a hedge against economic and political uncertainty.

The price of the commodity has risen to its highest level in recent times, as instant gold contracts amounted to more than 3100 dollars earlier this month, according to what it said. Kitco news data.

It also provided some technical analysis of Bitcoin.

“The wise chart on BTC Weekly Bitcoin has strong support at $ 71,000 from April and March of 2024 and can be another decrease as Larry Fink of Blackrock said that there could be a potential decrease in the market by 20 %.

The graph below depicts these price levels: